Atlassian Co. (NASDAQ:TEAM) Shares Bought by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its stake in shares of Atlassian Co. (NASDAQ:TEAM) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,450 shares of the technology company’s stock after acquiring an additional 157 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Atlassian were worth $352,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. True Wealth Design LLC raised its position in shares of Atlassian by 23,100.0% during the 3rd quarter. True Wealth Design LLC now owns 232 shares of the technology company’s stock worth $37,000 after purchasing an additional 231 shares during the last quarter. Avion Wealth raised its position in shares of Atlassian by 1,308.3% during the 4th quarter. Avion Wealth now owns 169 shares of the technology company’s stock worth $41,000 after purchasing an additional 157 shares during the last quarter. Assetmark Inc. raised its position in shares of Atlassian by 30.6% during the 4th quarter. Assetmark Inc. now owns 175 shares of the technology company’s stock worth $43,000 after purchasing an additional 41 shares during the last quarter. Mainstream Capital Management LLC acquired a new position in shares of Atlassian during the 4th quarter worth approximately $49,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Atlassian during the 4th quarter worth approximately $56,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Atlassian

In other Atlassian news, CEO Michael Cannon-Brookes sold 7,948 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $255.25, for a total value of $2,028,727.00. Following the transaction, the chief executive officer now owns 31,792 shares of the company’s stock, valued at $8,114,908. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Anutthara Bharadwaj sold 1,520 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $259.85, for a total transaction of $394,972.00. Following the completion of the sale, the president now owns 210,471 shares in the company, valued at $54,690,889.35. The trade was a 0.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 263,033 shares of company stock valued at $71,015,177. Insiders own 38.55% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on TEAM shares. Jefferies Financial Group lifted their price objective on Atlassian from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Atlassian in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of Atlassian from $350.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. UBS Group lifted their target price on shares of Atlassian from $275.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lifted their target price on shares of Atlassian from $245.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $316.77.

Atlassian Stock Up 0.5 %

Shares of Atlassian stock opened at $227.34 on Friday. The company has a fifty day moving average price of $271.24 and a 200 day moving average price of $235.79. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.81. Atlassian Co. has a twelve month low of $135.29 and a twelve month high of $326.00. The stock has a market cap of $59.56 billion, a price-to-earnings ratio of -169.66 and a beta of 0.91.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.85). Atlassian had a negative return on equity of 17.37% and a negative net margin of 7.22%. Equities research analysts forecast that Atlassian Co. will post -0.34 earnings per share for the current fiscal year.

Atlassian Profile

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.